Date: Wed, 9 Mar 2005 17:21:20 -0500 From: "Arthur Wood" <ajwood6@comcast.net> To: <classicrendezvous@bikelist.org> Subject: [CR] Buying from the UK
Another method is directly from the buyer's to the seller's bank - wire transfer. The buyer will need seller's account info, such as bank name and address, account holder's name, account number and routing code. It might cost $20 for the service, but it's fairly quick - about 7 days.
There will almost certainly be import duty levied on a bike entering the US, but the buyer will not have to pay the 17.5% VAT (UK sales tax) if the purchase is from a dealer. UK prices shown in stores include VAT (value added tax).
I can't imagine why someone would want to buy from the UK at the present exchange rate of close to $2 per pound sterling. The bank exchange rate is about 1.93, but the average person would pay more.
Arthur Wood Longboat Key, FL
Hi Arthur: My bank will only do wire transfers in Dollars, and wants a $50 fee for International transfers!! Not a good option for me...... Regards, Greg Parker Ann Arbor, Michigan, USA (Definitely not the cutting-edge Banking Center of the World...).